Public Employees Retirement System of Ohio Acquires Shares of 24,408 SharkNinja, Inc. $SN

Public Employees Retirement System of Ohio bought a new position in shares of SharkNinja, Inc. (NYSE:SN) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 24,408 shares of the company’s stock, valued at approximately $3,717,000.

Several other hedge funds also recently made changes to their positions in SN. Royal Bank of Canada boosted its stake in shares of SharkNinja by 21.8% in the first quarter. Royal Bank of Canada now owns 71,872 shares of the company’s stock valued at $5,995,000 after buying an additional 12,851 shares during the period. Integrated Wealth Concepts LLC bought a new position in SharkNinja during the 1st quarter worth $369,000. Goldman Sachs Group Inc. increased its stake in SharkNinja by 169.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 505,301 shares of the company’s stock worth $42,147,000 after acquiring an additional 317,730 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in SharkNinja by 7.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 50,813 shares of the company’s stock worth $4,238,000 after acquiring an additional 3,632 shares during the period. Finally, Acadian Asset Management LLC acquired a new position in SharkNinja in the 1st quarter valued at $656,000. 34.77% of the stock is owned by institutional investors.

SharkNinja Stock Performance

NYSE:SN opened at $174.65 on Friday. The stock’s 50-day simple moving average is $166.45 and its 200 day simple moving average is $134.28. The firm has a market capitalization of $24.60 billion, a PE ratio of 35.64, a price-to-earnings-growth ratio of 2.07 and a beta of 1.24. The company has a quick ratio of 1.45, a current ratio of 2.08 and a debt-to-equity ratio of 0.24. SharkNinja, Inc. has a twelve month low of $83.12 and a twelve month high of $194.54.

SharkNinja (NYSE:SN) last issued its earnings results on Wednesday, August 5th. The company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.11 by $0.15. SharkNinja had a return on equity of 27.79% and a net margin of 10.06%.The firm had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the previous year, the firm earned $0.97 earnings per share. The business’s quarterly revenue was up 22.2% on a year-over-year basis. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. On average, analysts anticipate that SharkNinja, Inc. will post 5.89 EPS for the current fiscal year.

Insider Buying and Selling

In other SharkNinja news, insider Neil Shah sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $186.36, for a total value of $9,318,000.00. Following the sale, the insider owned 497,220 shares in the company, valued at $92,661,919.20. This trade represents a 9.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Over the last ninety days, insiders have sold 100,000 shares of company stock valued at $18,613,911. 40.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on SN. Bank of America increased their target price on SharkNinja from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Wall Street Zen raised shares of SharkNinja from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Canaccord Genuity Group increased their price objective on shares of SharkNinja from $185.00 to $210.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. The Goldman Sachs Group restated a “buy” rating and issued a $204.00 target price on shares of SharkNinja in a research report on Thursday, August 6th. Finally, Weiss Ratings upgraded shares of SharkNinja from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, August 17th. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $188.59.

About SharkNinja

SharkNinja (NYSE: SN) is a leading designer, marketer and distributor of innovative small home appliances under the Shark® and Ninja® brands. The company’s product portfolio spans floorcare, cleaning and home environment products, including upright, cordless and robotic vacuum cleaners, steam mops and air purifiers. In the kitchen category, SharkNinja offers a broad range of cooking and food preparation solutions, such as countertop ovens, air fryers, multicookers, blenders and coffee makers. Its products are positioned to deliver user-friendly performance, innovative features and durable design for everyday household tasks.

Founded in 1998 as Euro-Pro Operating LLC, the company initially focused on the European market before expanding its presence in North America.